DAIKOKU DENKI CO.,LTD., First Half Ordinary Profit Increases by 15%, July-September Ordinary Profit Increases by 14%

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Thu Nov 14, 2024 3:00 pm JST Earnings

6430 DAIKOKU DENKI CO.,LTD. 【J-GAAP】

Earnings Report

DAIKOKU DENKI CO.,LTD. <6430> [TSE-P] announced its financial results in the afternoon session on November 14th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 15.1% from the same period last year, reaching 9.13 billion yen. The progress rate against the 12.5 billion yen full-year plan was 73.1%, also surpassing the five-year average of 59.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease by 19.2% from the same period last year to 3.36 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 14.5% from the same period last year, reaching 3.53 billion yen. However, the operating profit margin decreased from 23.2% in the same period last year to 22.1%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	11,289	749	871	570	38.6	20.4	Nov 14, 2022	J-GAAP
Apr - Sep, 2023	29,168	7,899	7,938	5,502	372.2	65.6	Nov 13, 2023	J-GAAP
Apr - Sep, 2024	34,466	9,086	9,135	6,210	420.0	73.1	Nov 14, 2024	J-GAAP
YoY	+18.2%	+15.0%	+15.1%	+12.9%	+12.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	40	May 15, 2024	J-GAAP
Apr - Sep, 2024 Results	34,466	9,086	9,135	6,210	420.0	40	Nov 14, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	24,693	4,102	4,164	2,962	200.4	100	May 15, 2024	J-GAAP
Oct - Mar, 2024 Guidance	20,534	3,314	3,365	2,290	154.8	80	Nov 14, 2024	J-GAAP
YoY	-16.8%	-19.2%	-19.2%	-22.7%	-22.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	31,824	4,019	4,260	2,927	198.1	70	May 15, 2023	J-GAAP
Mar, 2024	53,861	12,001	12,102	8,464	572.6	120	May 15, 2024	J-GAAP
Mar, 2025 Guidance	55,000	12,400	12,500	8,500	574.5	120	May 15, 2024	J-GAAP
YoY	+2.1%	+3.3%	+3.3%	+0.4%	+0.3%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	13,203	3,062	3,083	2,133	144.3	23.2	Nov 13, 2023	J-GAAP
Oct - Dec, 2023	14,681	3,765	3,793	2,672	180.8	25.6	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	10,012	337	371	290	19.6	3.4	May 15, 2024	J-GAAP
Apr - Jun, 2024	18,600	5,583	5,605	3,883	262.7	30.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	15,866	3,503	3,530	2,327	157.4	22.1	Nov 14, 2024	J-GAAP
YoY	+20.2%	+14.4%	+14.5%	+9.1%	+9.1%